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Showing posts with the label Plastics Industry

Plastics Industry will Witness Substantial Growth With in-detailed Competitor Analysis

  Plastics Industry Data Book Covers Plastic Resins, Plastic Additive, Plastic Compounds and Recycled Plastics Markets. The economic value generated by the  Plastics industry  was estimated at approximately 307,966.7 kilotons in 2021. Plastic Resins Market Growth & Trends The global plastic resins market size is expected to reach USD 1.07 trillion by 2030, according to a new report by Grand View Research, Inc. It is projected to expand at a 4.5% CAGR over the forecast period. The increasing consumption of plastic resins in construction, automotive, electrical, and electronics applications is boosting the market growth. Government intervention to reduce overall vehicle weight to improve fuel efficiency and reduce carbon emissions has prompted automakers to use resins to replace steel and aluminum in automotive components. Favorable federal regulations on CO2 emissions set by agencies such as the National Highway Traffic Safety Administration and the Environmental ...

Plastics Industry Forecast To Grow 307,966.70 Kilotons 2021

  Plastics Industry Data Book   Covers Plastic Resins, Plastic Additive, Plastic Compounds and Recycled Plastics Markets. The economic value generated by the industry was estimated at approximately 307,966.7 kilotons in 2021. Plastic Resins Market Report Highlights The global plastic resins market size was estimated at USD 731.25 billion in 2021, and it is expected to reach USD 1.07 trillion by 2030. It is projected to expand at a 3.2% CAGR (2022-2030). The global plastic resins market was valued at USD 731.25 billion in 2021 and is estimated to grow at a CAGR of 4.5% from 2022 to 2030 Crystalline resins (epoxy, polyethylene, and propylene) segment accounted for a prominent share in the market by the end of 2021 and is further expected to witness maximum growth over the forecast period As of 2021, China accounted for the maximum revenue share in the market, with 33.0%. Rising consumer disposable income in the country and ascending demand for luxury cars are expected to have a ...